MNB1601 ASSESSMENT 5 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS.
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Course
MNB 1601 - Business Management (MNB1601)
Institution
University Of South Africa (Unisa)
THIS DOCUMENT CONTAINS MNB1601 ASSESSMENT 5 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS. USING IT CORRECTLY WILL HELP YOU UNDERSTAND MANAGEMENT OF BUSINESS AND SCORE ABOVE 75% ON YOUR ASSESSMENT
Started on Monday, 24 April 2023, 12:52 PM
State Finished
Completed on Monday, 8 May 2023, 10:10 AM
Time taken 13 days 21 hours
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following represents a reason why the purchasing and supply function is important?
Select one:
a. This function is responsible for ensuring sustainable profits through the selling of products.
b. It has an insignificant influence on the profitability of the business.
c. It is often the smallest spender of business revenue.
d. This function makes it possible for the business to sell its final products at competitive prices.
The correct answer is: This function makes it possible for the business to sell its final products at competitive prices.
Question 2
Correct
Mark 1.00 out of 1.00
For communication purposes, the description of quality is entered in which document?
Select one:
a. The requisition
b. The delivery note
c. The invoice
d. The price list
Anja owns a bakery, Earth First, which bakes artisanal breads from almond flour. Nearly all the materials required for her artisanal breads
are bought from one supplier, Lialmonde Inc. Which type of purchasing and supply organisational structure should Anja use at Earth First?
Select one:
a. Centralised structure
b. Decentralised structure
c. Combination of decentralised and centralised
d. Single supplier structure
The correct answer is: Centralised structure
Question 4
Correct
Mark 1.00 out of 1.00
Kgaugelo owns an organic food store in Newlands. None of his produce is pre-packaged and consumers are expected to bring their own
containers. The prices charged for produce are based on the weight of the produce consumers choose to purchase and as such, quantities
vary greatly. To assist with inventory control, Kgaugelo and his team do stocktaking at the end of each week for each product in the store
and the order quantities are adjusted to the quantities available. Which inventory-control system would be the most appropriate to use in
this scenario?
Select one:
a. The cyclical-ordering system
b. The materials-requirements planning system
c. The just-in-time system
d. The quick-response system
The correct answer is: The cyclical-ordering system
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A _____________ is compiled during the second step of the purchasing cycle, namely choice of suppliers.
Select one:
a. requisition
b. register of suppliers
c. price list
d. order form
The correct answer is: register of suppliers
Question 6
Correct
Mark 1.00 out of 1.00
Karyn owns a home-scent business and is currently negotiating with the supplier of the soy wax she uses in her candles. Negotiations will
occur at which level of purchasing and supply planning?
Select one:
a. Tactical management level
b. Operations level
c. Strategic level
d. Functional level
Michael is a contractor who owns his own home renovations business, Let’s Build. He currently has two work teams that can each manage
their own projects. However, Michael has realised that some of his projects run over budget and to counter-act this, he has decided to
initiate a cost-reduction plan. Which one of the following purchasing and supply objectives would be appropriate given Michael’s new
business objective?
Select one:
a. To search for more unique products in the supplier market.
b. To seek new and larger suppliers.
c. To seek and develop suppliers.
d. To standardise materials and reduce suppliers.
The correct answer is: To standardise materials and reduce suppliers.
Question 8
Correct
Mark 1.00 out of 1.00
Which one of the following best describes a closed tender?
Select one:
a. A tender which is no longer valid.
b. A tender where the due date has lapsed, but no outcome was reached.
c. A tender where only specific suppliers were requested to tender.
d. A tender where an agreeable outcome was reached.
The correct answer is: A tender where only specific suppliers were requested to tender.
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